Credit Rating and Assessment of Turkey’s Credit Rating From Past to Present

Year 2019, Volume: 6 Issue: 3, 233 - 250, 21.12.2019

Şule Yüksel Yiğiter

Abstract

As a result of easily
movement of capital between the markets during the globalization process, the
importance of the credit rating agencies has increased. Investors manage their
capital through the ratings given as a result of credit rating.  Countries and companies that need capital get
into debt toward the credit ratings of their countries. Credit Ratings also change
the cost of borrowing of countries or companies. While lower credit ratings
increase the cost of borrowing, higher grades reduce the cost of borrowing. In
this study credit ratings will being addressed in general framework and
Turkey’s change and progress in credit scoring process will be examined.

Keywords

credit, credit rating, finance

Credit Rating and Assessment of Turkey’s Credit Rating From Past to Present

Abstract

As a result of easily movement of capital between the markets during the globalization process, the importance of the credit rating agencies has increased. Investors manage their capital through the ratings given as a result of credit rating.  Countries and companies that need capital get into debt toward the credit ratings of their countries. Credit Ratings also change the cost of borrowing of countries or companies. While lower credit ratings increase the cost of borrowing, higher grades reduce the cost of borrowing. In this study credit ratings will being addressed in general framework and Turkey’s change and progress in credit scoring process will be examined.

Keywords

credit, credit rating, finance

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